Seven Oaks Classical School
- Assets
- $12.3m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 99
- Location
- Ellettsville, IN
- Founding
- 07/2014
- Data as of
- 06/2023
- EIN
- 46-3846239
Organization Overview
Seven Oaks Classical School is located in Ellettsville, IN. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, Seven Oaks Classical School employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seven Oaks Classical School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Seven Oaks Classical School generated $5.5m in total revenue. All expenses for the organization totaled $5.1m during the year ending 06/2023. While expenses have increased by 202.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF SEVEN OAKS CLASSICAL SCHOOL IS TO TRAIN THE MINDS AND IMPROVE THE HEARTS OF YOUNG PEOPLE THROUGH A RIGOROUS CLASSICAL EDUCATION IN THE LIBERAL ARTS AND SCIENCES, WITH INSTRUCTION IN THE PRINCIPLES OF MORAL CHARACTER AND CIVIC VIRTUE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A PUBLIC CHARTER SCHOOL, WHICH PROVIDED EDUCATION INSTRUCTION TO APPROXIMATELY 520 STUDENTS IN KINDERGARTEN THROUGH TWELFTH GRADE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Stephen Shipp Headmaster | Officer | 40 | $96,545 |
Scott Reynolds Business Manager | Officer | 40 | $74,643 |
Matt Wolf President | OfficerTrustee | 5 | $0 |
Jerry Towle Treasurer | OfficerTrustee | 2 | $0 |
Jazzmin Vegeler Secretary | OfficerTrustee | 2 | $0 |
Brian Anderson Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,251,478 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,403 |
| Noncash contributions included in lines 1a–1f | $6,999 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,281,881 |
| Total Program Service Revenue | $152,660 |
| Investment income | $44,260 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $48,707 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,527,508 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $210,360 |
| Compensation of current officers, directors, key employees. | $63,092 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,586,079 |
| Pension plan accruals and contributions | $161,385 |
| Other employee benefits | $118,133 |
| Payroll taxes | $209,687 |
| Fees for services: Management | $97,713 |
| Fees for services: Legal | $2,610 |
| Fees for services: Accounting | $20,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $149,251 |
| Advertising and promotion | $975 |
| Office expenses | $311,908 |
| Information technology | $50,539 |
| Royalties | $0 |
| Occupancy | $219,421 |
| Travel | $1,327 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $486,288 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $368,914 |
| Insurance | $49,228 |
| All other expenses | $15,173 |
| Total functional expenses | $5,058,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $671,876 |
| Savings and temporary cash investments | $505,182 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $10,298,675 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $778,591 |
| Total assets | $12,254,324 |
| Accounts payable and accrued expenses | $340,530 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $10,032,292 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $130,129 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,502,951 |
| Net assets without donor restrictions | $1,751,373 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,254,324 |